Oriole Company reported operating data for its Sandtrap division for the year. Oriole requires its return to be 9%. Sales $1700000 Controllable margin 260000 Total average assets 1300000 Fixed costs 60000 How much is ROI for the year? O 5% O 15% O 20%

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Oriole Company reported operating data for its Sandtrap division for the year. Oriole requires its return to be 9%.
Sales
Controllable margin
Total average assets
Fixed costs
$1700000
260000
1300000
60000
How much is ROI for the year?
5%
15%
O 20%
O 13%
Transcribed Image Text:Oriole Company reported operating data for its Sandtrap division for the year. Oriole requires its return to be 9%. Sales Controllable margin Total average assets Fixed costs $1700000 260000 1300000 60000 How much is ROI for the year? 5% 15% O 20% O 13%
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